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Jul 25, 2011
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we have big news developing right now on this story. goldman sachs has sent out a warning to investors today about what it would take to avoid a credit downgrade from goldman sachs. stewart varney from knocks network, the lead day is with us now. we hadn't heard from these folk, we heard from s&p, we heard from moody's. now they say they want $4 million in cuts. >> they are repeating what standard & poors said about a week ago. unless you cut $4 trillion. and those $4 trillion of cuts are pwhraoefbg. you're going to get a download. that is the loss of our financial reputation to put it in layman's terms. a downgrade looks much more likely. for two reasons, we are not going to get $4 trillion worth of cuts before this deadline, that is just not going to happen. number two, i don't think we can convince the rating agencies that we can really get a handle and our entitlement programs. that is not going to happen. those two factors, bear that in mind, a downgrade looks increasingly likely. i'd say probable. martha: wall street is looking at
we have big news developing right now on this story. goldman sachs has sent out a warning to investors today about what it would take to avoid a credit downgrade from goldman sachs. stewart varney from knocks network, the lead day is with us now. we hadn't heard from these folk, we heard from s&p, we heard from moody's. now they say they want $4 million in cuts. >> they are repeating what standard & poors said about a week ago. unless you cut $4 trillion. and those $4 trillion of...
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Jul 29, 2011
07/11
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that is the big question whether they will be able to do that. we're told at this meeting they explained the mechanics what would happen in the event of a shutdown. we are also told that they have been assured that there will not be a shutdown or that bondholders will not be honored, probably news of relief to them because they would be stuck holding bad paper, bad promises and that would just be bad period. so, the other details as to what we the public will get to know might be released from the treasury department itself after the market closes, even though that is not necessarily a sure thing. but in the event of a downgrade, all bets are off there. i will leave that off the table for the time-being. let's say we don't meet this deadline, allison, then you're faced with the possibility of the government having to get by on a lot less but not anything. in other words, money is still coming in. we still have taxes taken out of our paycheck and the government will be still getting into the vicinity of 170 to $172 billion each month. unfortunatel
that is the big question whether they will be able to do that. we're told at this meeting they explained the mechanics what would happen in the event of a shutdown. we are also told that they have been assured that there will not be a shutdown or that bondholders will not be honored, probably news of relief to them because they would be stuck holding bad paper, bad promises and that would just be bad period. so, the other details as to what we the public will get to know might be released from...
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Jul 28, 2011
07/11
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big day today, but the big drama on capitol hill will hardly be limited to the house floor. some leading democrats are talking about a back-up plan in case a final deal is not reach inside time. assistant minority leader james clyburn saying that do 14th -- the 14th amendment gives president obama the right to raise the debt limit on his own by simply signing an executive order. he said he won't, but would he ever go that route? let's bring in constitutional lawyer mike car vel. welcome, good to have you here today. >> thanks a lot. martha: basically, if president were to change his mind or might be forced to rethink his decision on that based on the fact there is no deal if that's where we come to this, would he have the constitutional backing, in your mind, to make that decision, to say i'm just going to raise the limit, that's what i need to do? >> no. that would be clearly and blatantly unconstitutional. what representative clyburn and the treasury secretary have omitted is the 14th amendment says that the public debt authorized by law cannot be questioned. so if he's ma
big day today, but the big drama on capitol hill will hardly be limited to the house floor. some leading democrats are talking about a back-up plan in case a final deal is not reach inside time. assistant minority leader james clyburn saying that do 14th -- the 14th amendment gives president obama the right to raise the debt limit on his own by simply signing an executive order. he said he won't, but would he ever go that route? let's bring in constitutional lawyer mike car vel. welcome, good...
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Jul 20, 2011
07/11
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more on this big meeting announcement right after this. stay with us. hey, the new guy is loaded with protein! really? 25 grams of protein. what do we have? all four of us, together? 24. he's low fat, too, and has 5 grams of sugars. i'll believe it when i--- [ both ] oooooh... what's shakin'? [ female announcer ] as you get older, protein is an important part of staying active and strong. new ensure high protein... fifty percent of your daily value of protein. low fat and five grams of sugars. see? he's a good egg. [ major nutrition ] new ensure hh protein. ensure! nutrition in charge! that's not how successful investing is done. at e-trade it's harnessing some of the most powerful yet easy to use trading tools on the planet to help diversify, identify opportunities, take action. it's using professional grade research and your brain to seek maximum returns to reach your goals. it's investing with intelligence and cold hard conviction. you made the money. you should have everything you need to invest it. e-trade. investing unleashed. martha: boy, is ther
more on this big meeting announcement right after this. stay with us. hey, the new guy is loaded with protein! really? 25 grams of protein. what do we have? all four of us, together? 24. he's low fat, too, and has 5 grams of sugars. i'll believe it when i--- [ both ] oooooh... what's shakin'? [ female announcer ] as you get older, protein is an important part of staying active and strong. new ensure high protein... fifty percent of your daily value of protein. low fat and five grams of sugars....
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Jul 14, 2011
07/11
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where is the big scare? alisyn:ies moody's considering downgrading the trim a rating if that's the case? >> maybe they are considering downgrading it because our our politicians cannot get serious about reducing the copps of government. barack obama has doubled our debt since he's been in office an can't come up -- it's gone up by 25% in the first four years. spending up by 25%. he can't find 5% in real cuts? this is all about demagoguery. and these polls -- i heard mr. rasmussen. wouldn't you like to see a poll of people who actually pay income taxes? i'm a little tired of hearing people that don't have any federal income tax liability at all saying, hey, i don't have problem with raising taxes on the rich. why should you be asked in the first place? you are part of problem. you are not parts of the solution. pay some taxes yourself, then you can tell us that you don't have a problem with them raising taxes on the rich. alisyn: what you are saying, it's all demagoguery. its even groalsd the entire country a
where is the big scare? alisyn:ies moody's considering downgrading the trim a rating if that's the case? >> maybe they are considering downgrading it because our our politicians cannot get serious about reducing the copps of government. barack obama has doubled our debt since he's been in office an can't come up -- it's gone up by 25% in the first four years. spending up by 25%. he can't find 5% in real cuts? this is all about demagoguery. and these polls -- i heard mr. rasmussen....
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Jul 18, 2011
07/11
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look, many people say that goldman sachs is a big supporter of the obama administration, a big supporter of democrats generally. this is an unfavorable report for the administration so kind of burr right on a friday afternoon. alisyn: interesting. well we're glad that you've brought it to light for us. stu varney thanks so much. another fox news alert for you right now, because we are just getting word that the president is already threatening to veto a bill that will be hitting the house floor tomorrow. the tea party-backed cut, cap and balance plan would provide the president a 2.4 trillion increase on the debt limit, and would also include a constitutional amendment requiring a balanced federal budget. congressman dan hrupb gree l u.n joins me to talk about this live. hello, long man. >> hello. >> we have to see whether he will really veto it. the president has said a lot of things that haven't come true. this is the most leaderless president i've seen in my lifetime. here we have a situation in which we should be coming together, and yet the president appears to be panicking. he's th
look, many people say that goldman sachs is a big supporter of the obama administration, a big supporter of democrats generally. this is an unfavorable report for the administration so kind of burr right on a friday afternoon. alisyn: interesting. well we're glad that you've brought it to light for us. stu varney thanks so much. another fox news alert for you right now, because we are just getting word that the president is already threatening to veto a bill that will be hitting the house floor...
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Jul 21, 2011
07/11
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a big cat on the attack and the entire incident is caught on tape. look as the this arm wrapped around that man. you will see the rest of this incredible video right after this. new citracal slow release... continuously releases calcium plus d for the efficient absorption my body needs. citracal. really? 25 grams of protein. what do we have? all four of us, together? 24. he's low fat, too, and has 5 grams of sugars. i'll believe it when i--- [ both ] oooooh... what's shakin'? [ female announcer ] as you get older, protein is an important part of staying active and strong. new ensure high protein... fifty percent of your daily value of protein. low fat and five grams of sugars. see? he's a good egg. [ major nutrition ] new ensure hh protein. ensure! nutrition in charge! martha: the senate debating a tea party-backed plan to solve the debt pry is. it would include a balanced budget for the u.s. constitutional amendment. also nasa's last space shuttle now back in the hangar. atlantis landed mark an end to nasa's 30-year program. bittersweet moment. ther
a big cat on the attack and the entire incident is caught on tape. look as the this arm wrapped around that man. you will see the rest of this incredible video right after this. new citracal slow release... continuously releases calcium plus d for the efficient absorption my body needs. citracal. really? 25 grams of protein. what do we have? all four of us, together? 24. he's low fat, too, and has 5 grams of sugars. i'll believe it when i--- [ both ] oooooh... what's shakin'? [ female announcer...
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Jul 22, 2011
07/11
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small businesses are saying we sat by and watched as big government bailed out big business. but they have done nothing to us. while big government is attached to wall street, they disconnected from main street. that american dream is diminishing. i hear from lots of small business owners. we are ready to throw in the towel and calm it quits. martha: you watch generations of businesses that built up and such an incredible opportunity. they seem to appeal to they won't achieve the same level of success and feel their children will not succeed. >> look back at a poll in may have you had youth staying for the first time that they will not be better off than their parents. that's astonishing to me to see that and think about how we have seen over the course of the past through years, generations thinking they will not be better. martha: why is this happening in. >> i moved to canada. i came to practice law in the united states because i have a deep respect for the american constitution and our founders wrote in the constitution you have the right to push sue happiness. they meant
small businesses are saying we sat by and watched as big government bailed out big business. but they have done nothing to us. while big government is attached to wall street, they disconnected from main street. that american dream is diminishing. i hear from lots of small business owners. we are ready to throw in the towel and calm it quits. martha: you watch generations of businesses that built up and such an incredible opportunity. they seem to appeal to they won't achieve the same level of...
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Jul 27, 2011
07/11
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part of the reason he isn't our president is because he hasn't been tough enough, and there wasn't a big distinction between him and president obama, and he's showing that once again now. martha: all right. talk to me, you know, when you look at this politically, "the wall street journal" basically said this morning if tea party encourages its members and representatives on capitol hill to hold tight and not give any ground in this, they're basically handing the presidency to barack obama again in 2012. what say you? >> what are we talking about? are we talking about who's going to be our next president, or are we talking about fixing the problems that face america? we need to quit worrying about the next elections and worry about whether we're going to survive financially. and there are plans that could do it, there are other plans that can't, but nobody is looking at the overspending, looking at directly in the eye and saying we have to stop this. we spend over $4 billion a day in borrowed money. that's enough to build two and a half space shuttles a day. martha: wow. well, that's an e
part of the reason he isn't our president is because he hasn't been tough enough, and there wasn't a big distinction between him and president obama, and he's showing that once again now. martha: all right. talk to me, you know, when you look at this politically, "the wall street journal" basically said this morning if tea party encourages its members and representatives on capitol hill to hold tight and not give any ground in this, they're basically handing the presidency to barack...
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Jul 8, 2011
07/11
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that's sort of a combination of big business and big government, and that doesn't solve the problem. the responsibility should be on the airlines just as it's on the responsibility of the owners of chemical plantses and the owners of armored cars. they take charge of that, and they do a very, very good job. and the government was in charge of security before 9/11, and they did a lousy job. they prohibited guns from being on the airplane, and they said nobody should resist. and so we set the stage for 9/11. so i want the owners to assume responsibility, and the burden would be on the airlines, and it would save the taxpayer an awful lot of money. gretchen: so if i run an airline right now, tell me if i'm right or wrong, i don't think i like this plan because what's it going to cost me? >> well, that's the reason we don't have it. the airlines are in bed with the government. they, they're partners with the government. they don't want the liability, and they don't want the responsibility. but they should have it. yes, it'll cost them money, and you'll have to pay for it with a higher ti
that's sort of a combination of big business and big government, and that doesn't solve the problem. the responsibility should be on the airlines just as it's on the responsibility of the owners of chemical plantses and the owners of armored cars. they take charge of that, and they do a very, very good job. and the government was in charge of security before 9/11, and they did a lousy job. they prohibited guns from being on the airplane, and they said nobody should resist. and so we set the...